Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
What was your biggest numismatic $$$ ouch ever?
>
Reply to Thread
Message:
<p>[QUOTE="Gary, post: 38269, member: 1889"]Most of us who have been collecting for a long time have horror stories.</p><p><br /></p><p>It's part of the learning process. Forums and the internet will help reduce the mistakes that before had to be learned personally.</p><p><br /></p><p>I learned the hard way back in the 60's and 70's. </p><p><br /></p><p>The best way to avoid getting ripped is KNOWLEDGE. With all the resources available in todays market you have to garner as much information as you can get. All you new collectors, ASK QUESTIONS and get opinions from any one you can. GET THE BOOK BEFOR THE COIN is not just a saying. It is important.</p><p><br /></p><p>Now, since you asked. Here are some of my mistakes from years ago.</p><p><br /></p><p>1942/1 Dime - Altered, Added 1</p><p>1896-S Quarter - Altered, Added S</p><p>1901-S Quarter - Altered, Added S</p><p>1913-S Quarter - Altered, Added S</p><p>1909-S VDB Cent- Altered, Added VDB</p><p>1885-S Dime- Altered, Added S</p><p> </p><p>All of these coins were purchased from 2 Dealers from CoinAge back in the 60's and 70's. Both dealers were found guilty of mail fraud and one served two years in prison. Needless to say, I did not get any of my money back. I did spend a lot of time with the Federal mail inspectors filling out forms and giving depositions. </p><p><br /></p><p>All of the above coins were bid on in mail auctions with just discriptions and no pictures. When I got them, I knew they were bad, but of course, I got no return priveledges. It is next to impossible to recover any money from this type of fraud. </p><p><br /></p><p>All you can do is mark it up to a learning expreience and move on. Lesson Learned....</p><p><br /></p><p>I still have all of the above examples and take them out every few years as reminders of my stupidity. </p><p><br /></p><p>Gary[/QUOTE]</p><p><br /></p>
[QUOTE="Gary, post: 38269, member: 1889"]Most of us who have been collecting for a long time have horror stories. It's part of the learning process. Forums and the internet will help reduce the mistakes that before had to be learned personally. I learned the hard way back in the 60's and 70's. The best way to avoid getting ripped is KNOWLEDGE. With all the resources available in todays market you have to garner as much information as you can get. All you new collectors, ASK QUESTIONS and get opinions from any one you can. GET THE BOOK BEFOR THE COIN is not just a saying. It is important. Now, since you asked. Here are some of my mistakes from years ago. 1942/1 Dime - Altered, Added 1 1896-S Quarter - Altered, Added S 1901-S Quarter - Altered, Added S 1913-S Quarter - Altered, Added S 1909-S VDB Cent- Altered, Added VDB 1885-S Dime- Altered, Added S All of these coins were purchased from 2 Dealers from CoinAge back in the 60's and 70's. Both dealers were found guilty of mail fraud and one served two years in prison. Needless to say, I did not get any of my money back. I did spend a lot of time with the Federal mail inspectors filling out forms and giving depositions. All of the above coins were bid on in mail auctions with just discriptions and no pictures. When I got them, I knew they were bad, but of course, I got no return priveledges. It is next to impossible to recover any money from this type of fraud. All you can do is mark it up to a learning expreience and move on. Lesson Learned.... I still have all of the above examples and take them out every few years as reminders of my stupidity. Gary[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
What was your biggest numismatic $$$ ouch ever?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...